Madison Regatta Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 356071199 ✦ Madison, IN ✦ Designated as a 501(c)(4)

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Overview

What is Madison Regatta Inc?

Madison Regatta Inc, a nonprofit organization based in Madison, Indiana, is primarily dedicated to organizing hydroplane race and festival events in the region. Their mission encompasses providing services related to these events, aiming to create engaging experiences for the local community. The organization operates from a PO Box location, ensuring its presence in the community. Although the description is brief, it underscores Madison Regatta Inc's role in promoting local events and community spirit through hydroplane races and festivities.


Official website here: www.madisonregatta.com

What do the Facebook reviews say about Madison Regatta Inc?

90% of 218 reviewers on Facebook recommend Madison Regatta Inc. Here is a summary of their reviews:

Many attendees appreciate the atmosphere created during the event, highlighting the combination of thrilling boat races and festive celebrations. Participants often mention the enjoyable experience of both the races and the accompanying festivities, suggesting that the nonprofit effectively organizes an exciting community event.

Overall, individuals who attend the Madison Regatta express satisfaction with the experience, indicating that the event successfully meets expectations and fosters a sense of community engagement.


This AI summary has been generated from reviews found on Facebook.

Is Madison Regatta Inc legitimate?

Madison Regatta Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Madison Regatta Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.madisonregatta.com

What is the mission statement of Madison Regatta Inc?

Madison Regatta Inc's mission is centered around providing services related to hydroplane race and festival events. Specifically, their mission involves staging these events, encompassing both the hydroplane races and the accompanying festivities. The organization's primary objective is to contribute to these events, ensuring they run smoothly and successfully. By doing so, they aim to provide an enjoyable experience for all participants and spectators involved.


Official website here: www.madisonregatta.com

Who is the CEO of Madison Regatta Inc?

Jak Mccormick is the President of Madison Regatta Inc.


Official website here: www.madisonregatta.com

What is the revenue of Madison Regatta Inc?

Madison Regatta Inc's revenue in 2022 was $131,477.


Official website here: www.madisonregatta.com

Who are the executives of Madison Regatta Inc and what are their salaries?

There 75 volunteers at Madison Regatta Inc.


Here are 16 key members and their salaries:


Jak Mccormick (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Washer (Festival Cha)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Snell (Assistant Ra)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brent Turner (Roostertail)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Heitz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nate Davis (General Memb)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harold Perry (General Memb)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hannah Fisher (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robin Cull (General Memb)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tommy Lowry (Safety Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Sachleben (Pit Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Hamilton (Race Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Waller (Vendor Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Bipes (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Bipes (General Memb)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laken Crabtree (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.madisonregatta.com

Where can I find the form 990 for Madison Regatta Inc?

Madison Regatta Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.madisonregatta.com

Learn more at the official website: www.madisonregatta.com

Mission Statement of Madison Regatta Inc

Madison Regatta Inc, a nonprofit organization, is dedicated to providing services related to hydroplane race and festival events. Its primary mission is to stage these thrilling races and festivities, offering an exciting experience to the community. By organizing and managing these events, Madison Regatta Inc contributes to the entertainment and enjoyment of its audience, fostering a sense of camaraderie and shared experience. The organization's activities focus on ensuring the successful execution of these events, providing a memorable experience for all participants and spectators.

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Impact




October, 2024

Madison Regatta Inc significantly enhances the community by staging hydroplane races and festival events in Madison, Indiana. This organization brings together residents and visitors alike, creating a vibrant atmosphere filled with excitement and recreation. The annual hydroplane race attracts a large crowd, stimulating local businesses and promoting tourism in the area.

The events foster a sense of community pride and provide recreational activities that enhance the quality of life for residents. By organizing these events, Madison Regatta Inc also supports local culture and traditions, making them a vital part of the community's identity. Overall, their efforts contribute to economic development and social engagement, enriching the lives of many in Madison and beyond.




This information is meant to be a general summary of Madison Regatta Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$131,477 (2022)
Expenses
$95,608 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $131,477
  • Gross Receipts: $131,477

Assets and Liabilities:

  • Total Assets: $261,771
  • Total Liabilities: $51,829
  • Net Assets: $209,942

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM RELATED EVENTS

Revenue

$80,415

SPONSORSHIP INCOME

Revenue

$51,062

Organization Details

Founding Year

1955

Principal Officer

Jak Mccormick

Main Address

PO BOX 341, MADISON, IN, 47250

NTEE Category

Code: N67 - Recreation

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